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Senior Living Facilities Face New Financial Challenges in 2025
Senior living facilities are under pressure, managing rising costs while striving to deliver consistent care to a population that is living longer and often requires more complex support. Staffing remains a central concern: wages are up, agency fees remain high, and the workforce is still recovering from post-pandemic attrition. At the same time, more individuals […]
OBBB State & Local Tax Deduction Increase May Enhance Itemized Benefits
The One Big Beautiful Bill Act, signed into law July 4, 2025, raises the state and local tax (SALT) deduction cap from $10,000 to $40,000 for households with modified adjusted gross income (MAGI) under $500,000. For many, this brings a renewed incentive to itemize, putting mortgage interest, charitable contributions, and property taxes back into play. […]
Sarah Flischel Among Five CPAs Recognized Nationally for Leading Audit Innovation
Boston, MA (August 21, 2025)—AAFCPAs is pleased to announce that Sarah Flischel, CPA, Director of Audit Transformation and Training, has been honored as a recipient of the 2025 AICPA Emerging Leaders Award. Sarah is among five CPAs nationally recognized for their extraordinary leadership, innovation, and commitment to supporting the next generation in the accounting profession. […]
Cash Management Strategies for Life Sciences Companies
Cash drives every strategic decision in the life sciences and medical device field. Whether investing in research and development spending, advancing a therapy through clinical trials, acquiring lab equipment, or managing global vendor relationships, liquidity determines pace and flexibility. Timelines can be long. Outcomes can hinge on regulatory approvals, trial results, or market conditions beyond […]
How Close Automation Tools Support Smarter Nonprofit Operations
The nonprofit month-end close has become an exercise in endurance—manual checklists, spreadsheet reconciliations, and long hours spent assembling reports under deadlines. For lean finance teams, the process is not only inefficient but difficult to sustain. Close automation platforms help reduce that burden by bringing structure, consistency, and transparency to the process. These tools organize workpapers, […]
Why More Business Owners Are Turning to ESOPs for Succession
More business owners are turning to employee stock ownership plans (ESOPs) to ensure continuity, reward long-serving team members, and transition out with intention. Unlike sales to outside buyers, ESOPs keep ownership within the company, preserving institutional knowledge and culture. Beyond continuity, ESOPs provide a pathway to liquidity that aligns with both financial goals and legacy. […]
AAFCPAs Partner Michael Pruell Embarks on a New Chapter
AAFCPAs would like to share that Michael Pruell, CPA, a long-standing leader in the firm’s Healthcare and Community & Economic Development practices, has made the decision to pursue new professional opportunities outside of the firm. After many years of dedicated service, Mike has chosen to explore a new direction aligned with his evolving goals and […]
What Life Sciences Companies Can Do When Funding Slows
In this article: In biotech and life sciences sectors, capital is the engine that powers discovery, development, and scale. But cycles shift. Deals take longer. Investors ask more. And in the quiet between funding rounds, companies face a familiar question: how to move forward when the momentum stalls. This is not a new challenge but […]
Scaling Without Hiring Begins With Process
In the article: Budget cycles are tightening. Costs are up. Many organizations have been forced to operate with fewer resources, even as expectations and workloads grow. For some, especially in sectors like healthcare or nonprofit, the usual options for relief, such as hiring or expanding capacity, are not realistic. What remains is often overlooked: the […]